Shared by
boldandnuts
Out of the Open NFLX rejected and spiked into 340.50.
When NFLX came to test 339.50 and showed some resistance I used the crack of .50 for a starter. NFLX tested 340 before reversing and I did not mind. Eventually it cracked lower and I had a target below 338 just above VWAP/EMA9 337.50, but NFLX respected 338 and bounced.
NFLX made another leg higher and tested 341. I missed it. Then it formed a beautiful backside trade and I even missed that. NFLX even put in a nice decision-Candle on the backside trade, but I did not take it.
Trade worked out however and my profits were ok
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-10-12 09:57:00 | NFLX | sell | $339.460 | short |
| 2018-10-12 10:15:00 | NFLX | buy | $338.420 | short |
| 2018-10-12 10:19:00 | NFLX | buy | $337.520 | 0 |
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